The benefits of standardization are listed as follows.
- Reduced cost
Mass production equals a better price performance ratio - Improved quality
Mass production equals higher product quality - Improved negotiating power for the buyer
Standards drive product differentiation and competition toward price and service and away from features. This gives buyer both better pricing and better support. - Standard architectures
Allows software teams to develop new applications faster with fewer people. - Scalable and flexible
More module offerings can be applied to the same platform.